Bitcoin News Today: Bitcoin’s $110K Crossroads: Can Bulls Reclaim Momentum Before the Next Major Drop?

Bitcoin’s price has shown signs of consolidation in recent weeks, hovering around the $110K level after a period of volatility. Technical indicators suggest a mixed outlook, with buyers still attempting to push the price higher despite slowing momentum. The price has broken down from its ascending channel and is currently testing the $110K zone from below, a level that has proven pivotal in recent trading sessions [1].

On the daily chart, Bitcoin faces resistance at the 100-day moving average, which aligns with the $110K price point. Failure to reclaim this level could see further downside toward $104K, which is also associated with a fair value gap. Analysts have noted that a breakdown below $110K could invite renewed selling pressure and potentially lead to a retest of the $100K psychological level [1]. Conversely, a successful recovery above this range could pave the way for a retest of the $124K all-time high.

Short-term technical analysis from the 4-hour chart indicates that Bitcoin has broken out of a descending channel, suggesting that immediate selling pressure has abated. However, the price was recently rejected at the $113K level, sending it back toward the $110K–$109K support band. The RSI is currently hovering just above 50, indicating a neutral market bias with potential for either continuation or a further pullback [1].

Funding rates across major exchanges provide insight into the leverage positioning of traders and reflect broader market sentiment. While leverage remains tilted in favor of long positions, it has not reached the extreme levels seen in earlier peaks. This suggests a more cautious market environment, with bulls maintaining dominance but not in a state of euphoria. Sustained positive funding rates mean that long traders continue to pay shorts, which could lead to increased pressure if consolidation persists for an extended period [1].

Notably, funding rates have normalized significantly compared to the spikes observed in early 2024 and 2025. This indicates that speculative momentum has cooled, with market participants potentially shifting toward a more accumulation-based strategy rather than aggressive price chasing. If this trend continues, it could lay a healthier foundation for the next phase of Bitcoin’s price action [1].

Source: [1] Bitcoin Price Analysis: Will BTC Crash Below $100K if This Support Breaks? (https://cryptopotato.com/bitcoin-price-analysis-will-btc-crash-below-100k-if-this-support-breaks/)